DUK+/EUR has no close-by buy orders

Note: This section contains information in English only.
Source: Dukascopy Bank SA
On December 2, the DUK+/EUR currency exchange rate was located at the 2.0000 mark. In the meantime, the pair had close by minor amounts of sell orders and no buy orders are low as the 1.6800 mark.

Daily Candle Chart



Market Depth
Market Depth reveals, where traders have set up buy and sell orders. The up to date data is published at dukascoin.com. Below, one can observe the market orders on December 2.

In regards to sell orders, minor, but still notable, amounts of sell orders were located at 2.0300, 2.0700, 2.1800 and the 2.2000 levels. Around 100 coins could be sold at each of these levels.

Meanwhile, the closest by notable buy orders were located at the 1.6800 mark. At that level almost 300 coins are set to be bought up. However, note the cluster of buy orders from 1.6200 down to 1.5700 where nearly thousand coins might get bought.
© Dukascopy Bank SA

© Dukascopy Bank SA


Future outlook
The currency exchange rate is set up for a decline, as there are no close by buy orders. Namely, if a seller decided to sell the DUK+ against the Euro, he would have to take the other side of the orders at 1.6800.

On the other hand, a surge of the pair could occur, if a buyer takes out the minor amounts of sell orders that are set up from 2.0000 up to the 2.5100 mark.

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